The Sustainable Management of UK Marine Resources (SMMR) Network is excited to host another free Lunchtime Webinar! This month Dr Ethan Addicott from the University of Exeter will give an insight into:

Measuring Ocean Ecosystem Wealth in the Context of Global Change and Conflict

joint work with A. John Woodill, David Kling, Emerson Arehart (Oregon State University), Steven Mana’oakamai Johnson (Cornell University), James R. Watson (Oregon State University)

The goal of sustainable resource management is non-declining wealth. Natural asset pricing methods have been used to measure changes in resource wealth within the boundary of a single decisionmaker; however, as climate change reallocates resource distributions new methods are needed to account for transboundary resources managed by multiple decisionmakers. We compare the one-actor/one-stock approach to the two-actor case through simulation and demonstrate that actions by one actor can influence another actor’s price function under non-cooperative use of a common resource. We then show how changes in access rights further exacerbate differences in asset prices in our setting and how assumptions about the shape future conflicts take widen or attenuate differences in country asset prices for a shared resource. Finally, we hypothesize how our multi-actor natural asset pricing framework might serve as a useful tool in evaluating climate impacts, anticipating conflicts and delivering more sustainable resource management.

Register Here!